Unclaimed IRAs are taxable???
Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?
Yearly Archives: 2018
2018 Tax Cuts and Jobs Act – Like-Kind Exchanges
The Tax Cuts and Jobs Act made modifications to the treatment of certain like-kind exchanges.
South Dakota v. Wayfair
Prior to a recent U.S. Supreme Court ruling, the standard to determine “substantial nexus” for sales tax purposes was based on “physical presence” as provided in Quill v. North Dakota.
2018 Tax Cuts and Jobs Act – Other Business Provisions
Posted by Valerie Middlebrooks, CPA NOL Deduction – Under the old law NOL utilization was not subject to limitations based on taxable income. Under the new law NOL utilization will be limited to 80% of taxable income. Also under old law NOL’s could be carried back 2 years and forward for 20 years. Under the new law NOL’s can no … Continued
Fiscal Year Corporation “Blended” Tax Rate
Under the newly enacted Tax Cuts and Jobs Act, the corporate tax rate decreased from a maximum of 35 percent to a flat 21 percent rate beginning in 2018.
The Tax Cuts and Jobs Act: Mid-Year Update
The Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of individuals and businesses. The changes are extensive and we wanted to provide a high-level overview of some of the features to keep you informed.
The Qualified Business Income (QBI) Deduction – Part 1
The Tax Cuts and Jobs Act lowered the corporate income tax from a maximum rate of 35% to a flat rate of 21% beginning in 2018.
Tax Cuts & Jobs Act Provides Favorable Tax Accounting Changes
The Tax Cuts & Jobs Act (TCJA) incorporates four tax accounting changes that are noteworthy.
Medicare Update and Scam Alert
Starting 4/1/18, Medicare will start a yearlong project to replace all current Medicare cards for beneficiaries to convert to alphanumeric ID numbers.
Tax Cuts & Jobs Act Doubles The Estate Tax Exclusion
They (Congress) wanted to repeal the “death tax.” They (Congress) told us they were going to repeal the “death tax.” So what happened?